According to this report, the global essential oil market has been segmented by application, ingredients, type, and lastly region. On the basis of application, this market has been segmented into aromatherapy, cosmetics, fragrance & flavor, pharmaceutical and others. At the time of this report being written, fragrance and flavor continue to dominate the essential oil market with more than 40% market share. Aromatherapy market is expected to grow during the forecast period. Based on ingredients, the global essential oil market has been segmented into basil, cedarwood, chamomile, citronella, citrodora, clary sage, clove, corn mint, eucalyptus, lavender, litsea cubeba, orange, peppermint, and others. In the base year 2017, corn mint and orange together held more than 57% of the market share. By 2024, the clove leaf essential oil market is projected to reach around the US $ 150 mn with CAGR of 6.09%. It is majorly produced in the Asia Pacific region. By types, the market has been segmented into pure essential oil, compound essential oil, and others.
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The key players in the global Essential Oil Market Biolandes (France), doTerra (USA), Young Living (USA), The Lebermuth Co., Inc. (the USA), Shaanxi Guanjie Technology Co., Ltd (China), Shiv Sales Corporation (India), and Sydney Essential Oils (Australia).
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At a geranium farm in Gahara Sector, Kirehe District, Dr. Nicholas Hitimana has chosen to venture into essential oils in Rwanda. Coordinating with more than hundred farmers, Hitimana has built an export enterprise here.
The regional segmentation of the Global Essential Oil Market segments this market into North America, Europe, Asia Pacific, and the rest of the world (RoW). During the forecast period, Asia Pacific is being estimated to be the largest market for essential oil with China, India, Indonesia and Japan, dominating this market and rest of Asia Pacific being significant in the business. During the forecast period, North America is expected to be the second biggest market. In this region, the biggest markets are Canada, Mexico, and the United States of America (USA).
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